^TXOE TSX
S&P/TSX EQUAL WEIGHT OIL & GAS INDEX
STAY LONG
Close
314.23
Prev.Close
314.63
Change
-0.4000
Change%
-0.13%
BEARISH STOP LOSS
Bought at
315.54
Open
313.89
High
315.22
Low
313.56
Close
314.23
Loss%
-0.42%
Signal History
Pattern & Confirmation Chart for the Last 6 Months
Signal Update
Today's recommendation from our system is to STAY LONG. The previous BUY signal was issued on 26/06/2025, 8 days ago, when the index value was 315.54. Since then, ^TXOE has fallen by -0.42%.
Market Outlook
The immediate danger has passed, but it's not yet time to let our guard down. The bears that activated the bearish stop-loss are now at the doorstep, while the bulls are fighting hard to maintain their position. The share price is still not below the stop-loss level and the signal is suggesting to STAY LONG, but the chance of a bearish confirmation that will change the signal to SHORT is very high. The Delayed Intraday Module is ON. We highly recommend closely monitoring intraday price movements due to the potential downside risks involved. SHORT is a dangerous signal. Sudden increases in prices can lead to huge losses. For this reason stop-loss levels must be kept in mind at all times and SHORT orders must never be placed without a stop-loss.
Pattern Description
The Bearish Stop-Loss Pattern is not a standard candlestick pattern. It serves as the stop-loss complement for all confirmed bullish patterns. The conditions for activating the Bearish Stop-Loss are two consecutive lows or a close below the stop-loss level of a recently confirmed bullish pattern. more...
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